Russia Registers First Four Crypto Exchange Operators, Five Custodians
Sberbank plans to offer Bitcoin, Ether and USDt products through its banking platforms starting Dec. 1.
Russia has placed its first four crypto exchange operators and five digital custodians on official registers, creating a regulated market framework that includes Sberbank and VTB Bank.
The Bank of Russia listed Sberbank, Atomyze, Voltari, Cloud Infrastructure and VTB Bank as digital custodians. T-Invest Lab, Zefir, Sistema-Crypto and VTB Bank were registered as crypto exchange operators.
Sberbank plans to launch its first crypto products on Dec. 1 through SberBank Online, SberInvestments and SberBusiness. The initial offering is expected to support Bitcoin (BTC), Ether (ETH) and USDt (USDT).
The registrations follow Russia’s crypto-market law, which took effect Sept. 1. The framework places crypto-market activity under the Bank of Russia’s oversight.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.